UOB vs DBS Mortgage Comparison Which is Better vs Other Banks Comparison
In 2025, DBS edges out UOB for most Singapore homebuyers with lower fixed rates starting at 1.68% and superior cash rebates up to $2,800, though UOB shines for flexible floating options.[1][2][5] This cluster article dives into UOB vs DBS mortgage details, comparing them against OCBC, HSBC, and others to help you decide. As part of Homejourney's comprehensive Singapore Home Loan Guide pillar, it provides tactical insights for HDB upgraders, first-time buyers, and investors prioritizing safety and trust.
UOB vs DBS: Key Overview and Market Position
DBS, Singapore's largest bank, holds a dominant 40%+ mortgage market share with its vast SGD deposit pool enabling competitive fixed rates like the Fixed Deposit Home Rate (FHR).[1][5] UOB, a strong local contender, offers versatile SORA-pegged loans ideal for variable rate seekers, backed by its reliable customer service.[1]
Both banks support HDB and private properties, but DBS integrates seamlessly with POSB for HDB buyers, while UOB appeals to investors with customizable packages. Homejourney verifies these details from official sources, ensuring you get transparent data in a trusted environment.[1][2]
Home Loan Types Offered
- DBS: 2-3 Year Fixed (1.68-1.78%), 3M SORA +0.50%, FHR6 +0.60%, with lock-ins of 2-3 years and penalties up to 1.5%.[2][5]
- UOB: 1M/3M SORA +0.40-0.65%, 2-3 Year Fixed around 1.65-1.75%, shorter lock-ins for flexibility.[1][2]
Compare all rates instantly on Homejourney's bank rates page, featuring real-time SORA tracking for precise decisions.
Current 2025 Rates: UOB vs DBS vs Other Banks
DBS leads fixed rates for resale HDB at 1.70% (3Y Fixed), beating UOB's comparable 1.65-1.75% offerings.[2] For floating, both match at 3M SORA +0.50%, but DBS adds $2,000+ rebates on refinancing over $500k, offsetting fees.[2][5]
| Bank | Best Fixed (2-3Y) | Best Floating (3M SORA) | Cash Rebate (Refi >$1M) |
|---|---|---|---|
| DBS | 1.68-1.78% | +0.50% | $2,500 |
| UOB | 1.65-1.75% | +0.40-0.65% | Up to $2,000 |
| OCBC | 1.65% | +0.65% | $1,800 |
| Maybank | 1.55-1.65% | +0.40% | Varies |
| HSBC | 1.70% | +0.50% | $2,000 |
Data from Dec 2025 comparisons; rates fluctuate with SORA (currently ~3%).[1][2] OCBC and Maybank compete closely, but DBS offers the best HDB refinance value. Use Homejourney's mortgage calculator to test affordability for your $500k HDB in Tampines.
Pros and Cons: Which Bank Fits Your Needs?
DBS Pros: Lowest fixed rates, highest rebates, Multiplier Account synergy for salary crediting (earn up to 4% on deposits).[1][5] Ideal for resale HDB buyers in mature estates like Bedok.
DBS Cons: Stricter lock-in penalties; less flexible for early refinancing.
UOB Pros: Competitive floating rates, faster processing for BUC condos (e.g., The Florence Residences), strong for investors.[1][2]
UOB Cons: Slightly higher fixed premiums vs DBS; fewer HDB-specific perks.
- Best for first-timers: DBS (stability during 5-year MOP).[2]
- Best for investors: UOB or Maybank (low spreads).[1]
- Refinancing: DBS ($2,800 rebate covers ~$1,900 fees).[2]
Foreign banks like HSBC/SCB match rates but lag in local integration. See UOB vs DBS Rates & Fees Explained for deeper analysis.
Application Process and User Experience
Both require NRIC, income docs, property sale agreement; processing takes 1-3 weeks.[1] DBS approvals favor salary crediting; UOB excels in digital apps.
- Check eligibility on Homejourney calculator (Singpass-enabled).
- Submit multi-bank app via Homejourney – one form, offers from DBS/UOB/OCBC.
- Track via app; expect AIP in 3-7 days.
Homejourney's Singpass integration auto-fills forms, boosting approval odds while prioritizing your data security. Customer feedback highlights DBS's 24/7 chat; UOB's branches in heartlands like Jurong.[1]
UOB vs DBS vs Others: Actionable Decision Framework
1. Fixed vs Floating: Choose DBS fixed for HDB stability; UOB floating if expecting rate drops.[2]
2. Loan Size: >$1M? DBS rebates win. <$500k? Compare Maybank.[1][2]
3. Property Type: BUC? DBS flexibility. Resale? DBS rates.[2]
Insider tip: Time apps post-SORA dips; track live on Homejourney. For properties within budget, search Homejourney property search. Always consult professionals – this isn't financial advice.
Compare CIMB vs RHB via CIMB vs RHB Rate Guide.
FAQ: UOB vs DBS Mortgage Comparison
Is DBS or UOB better for HDB loans in 2025?
DBS, with 1.68% fixed and rebates, suits most HDB buyers during MOP.[2][5]
UOB vs DBS: Which has lower refinancing fees?
DBS covers more with $2,000-$2,800 rebates vs UOB's standard subsidies.[2]
How does OCBC compare to UOB/DBS?
OCBC's 1.65% fixed is close, but DBS leads on rebates and stability.[1]
Can I apply to UOB and DBS via Homejourney?
Yes, one Singpass app gets offers from all banks securely.
What's the LTV for bank loans vs HDB?
Bank: 75%; HDB: 80% at 2.6% fixed.[4]
Ready to compare UOB vs DBS mortgage options safely? Visit Homejourney bank rates for real-time quotes, eligibility checks, and multi-bank apps. Link back to our pillar guide for full coverage – your trusted partner for secure property journeys.
